Summit Trail Advisors LLC Trims Stock Holdings in Valvoline Inc. (NYSE:VVV)

Summit Trail Advisors LLC trimmed its position in Valvoline Inc. (NYSE:VVV) by 18.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,862 shares of the basic materials company’s stock after selling 2,252 shares during the period. Summit Trail Advisors LLC’s holdings in Valvoline were worth $413,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Congress Asset Management Co. grew its stake in Valvoline by 2.8% in the third quarter. Congress Asset Management Co. now owns 3,656,672 shares of the basic materials company’s stock worth $153,032,000 after purchasing an additional 100,305 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Valvoline by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,720,748 shares of the basic materials company’s stock worth $117,534,000 after acquiring an additional 94,673 shares during the last quarter. Sculptor Capital LP grew its stake in shares of Valvoline by 187.6% in the second quarter. Sculptor Capital LP now owns 1,879,500 shares of the basic materials company’s stock worth $81,194,000 after acquiring an additional 1,226,000 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Valvoline by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,625,842 shares of the basic materials company’s stock worth $68,041,000 after acquiring an additional 19,877 shares during the last quarter. Finally, Commerce Bank grew its stake in shares of Valvoline by 1.8% in the third quarter. Commerce Bank now owns 1,232,013 shares of the basic materials company’s stock worth $51,560,000 after acquiring an additional 21,369 shares during the last quarter. 96.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Valvoline

In other news, Director Charles M. Sonsteby bought 10,000 shares of the stock in a transaction on Monday, November 25th. The shares were bought at an average price of $39.50 per share, with a total value of $395,000.00. Following the completion of the acquisition, the director now owns 26,437 shares in the company, valued at $1,044,261.50. The trade was a 60.84 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.34% of the stock is owned by corporate insiders.

Valvoline Stock Down 1.8 %

VVV stock opened at $38.79 on Wednesday. Valvoline Inc. has a fifty-two week low of $33.86 and a fifty-two week high of $48.26. The business’s 50-day moving average is $41.26 and its two-hundred day moving average is $41.85. The company has a debt-to-equity ratio of 5.77, a quick ratio of 0.61 and a current ratio of 0.72. The company has a market cap of $5.00 billion, a price-to-earnings ratio of 23.94 and a beta of 1.46.

Valvoline declared that its board has authorized a share repurchase plan on Tuesday, July 30th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the basic materials company to reacquire up to 7.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on VVV shares. Robert W. Baird cut their target price on Valvoline from $48.00 to $46.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 20th. Stephens started coverage on Valvoline in a research note on Tuesday, October 15th. They issued an “overweight” rating and a $49.00 target price on the stock. Baird R W raised Valvoline to a “strong-buy” rating in a research note on Thursday, August 15th. Royal Bank of Canada lowered their price target on Valvoline from $52.00 to $46.00 and set an “outperform” rating on the stock in a report on Wednesday, November 20th. Finally, Wells Fargo & Company lowered their price target on Valvoline from $46.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday, November 20th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $46.25.

Valvoline Profile

Valvoline Inc engages in the operation and franchising of vehicle service centers and retail stores in the United States and Canada. The company, through its service centers, provides fluid exchange for motor oil, transmission and differential fluid, and coolant; parts replacement for batteries, filters, wiper blades, and belts; and safety services, such as tire inflation and rotation, bulbs, and safety checks.